When Facebook Inc (NASDAQ:FB) releases the results from its first quarter, Wall Street is going to be expecting a lot. The social network has been posting significant growth over the last year or so, and investors will expect that to continue.
There's never a shortage of rumors swirling around Facebook (NASDAQ: FB ) . And after multiple acquisitions, a couple of which were outside Facebook's traditional "comfort zone," the rumor mill was bound to kick into gear. But the latest scuttlebutt ...
While the company already has a small payments business in place, concentrated mostly on allowing Facebook game users to make in-game purchases for virtual goods, that business is stagnating as gaming moves away from Facebook toward mobile.
Facebook Inc (NASDAQ:FB) executives were aggressively selling shares when the stock was soaring above $72. But some of them are still offloading a big chunk of their holdings of Facebook shares even though the stock has fallen below $60.